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happiness research is able to contribute important insights for economics. We report how the economic variables income … some of the consequences for economic policy and for economic theory. …
Persistent link: https://www.econbiz.de/10011398921
happiness research is able to contribute important insights for economics. We report how the economic variables income … some of the consequences for economic policy and for economic theory …
Persistent link: https://www.econbiz.de/10013320949
have a strongly depressing effect on happiness. Income only significantly raises happiness for higher income groups …
Persistent link: https://www.econbiz.de/10013321362
"more is better," based on revealed preference theory, is wrong. An increase in income, and thus in the goods at one … better theory of well-being builds on the evidence that adaptation and social comparison affect utility more in pecuniary …
Persistent link: https://www.econbiz.de/10013320008
in government ; government oversight ; public opinion …
Persistent link: https://www.econbiz.de/10003908396
in government ; government oversight ; public opinion …
Persistent link: https://www.econbiz.de/10003841008
nations. Using gross bilateral international migration flows and a discrete choice model in which everyone in the world … preference, complement previous estimates of economic well-being that consider only income or a small number of factors, or rely …
Persistent link: https://www.econbiz.de/10012860549
This paper aims at studying the connection between reference group income and life satisfaction in the three republics … of the South Caucasus: Armenia, Azerbaijan, and Georgia. I illustrate that in low-income transition economies individuals …
Persistent link: https://www.econbiz.de/10014135423
We propose that outcome utility and process utility can be distinguished and empirically measured. People gain procedural utility from participating in the political decision-making process itself, irrespective of the outcome. Nationals enjoy both outcome and process utility, while foreigners...
Persistent link: https://www.econbiz.de/10011398899
People not only obtain utility from actual outcomes but also from the conditions which lead to these outcomes. The paper proposes an economic concept of this notion of procedural utility. Preferences beyond outcome can be manifold. We distinguish procedural utility people get from institutions...
Persistent link: https://www.econbiz.de/10014070501